Lawyers representing affluent businessman Sudhir Ruparelia have filed lawsuit in the Commercial Court asking the Central Bank to prove allegations of fraud.
Bank of Uganda (BoU) not so long ago sued Sudhir in the same Court demanding that he refunds shs 300 billion he siphoned from defunct Crane Bank Limited before it was sold to DFCU Bank for his own interests.
This website has learned that Sudhir’s legal team spearheaded by Kabatsi of the Kampala Associated Advocates (KAA) want proof instead of narrative and conjecture.
Dated July 21, the application also notes that the summons to file defence lack annexure providing details of the case.
The lawyers want the Central Bank to provide 26 documents which include a forensic report by PricewaterhouseCoopers into the Operations of Crane Bank before being taken over by BoU last year.
The lawyers also want documented evidence showing Sudhir took out Shs 8.2bn from Crane bank disguised as credit facilities to Infinity Investments Limited before writing off the big sum of money as a bad debt.
The lawyers want proof that this was done on Sudhir’s orders and that the company belongs to him.
They have further asked for evidence that Crane Bank solely belonged to Sudhir as alleged in the Central Bank suit.
KAA lawyers also need evidence that Sudhir did not remit Shs 52 bn of Crane Bank workers’ money to NSSF despite making the deductions off their salaries.
Earlier Richard Byarugaba had said that NSSF and Crane Bank were in talks when was put under receivership.
“Before the Fund could reach an agreement with Crane Bank Limited to settle the arrears, it was sold to DFCU Bank,” he said.
